RBI Grade BNABARD ESISEBI
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Context:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
The Life Insurance Corporation of India (LIC) has launched two new life insurance plans aimed at providing savings and risk coverage to individuals and their families.
Key Features:
- LIC Protection Plus (Plan 886)
- A linked savings plan that combines life cover with investment options.
- Policyholders can pick from investment funds, adjust the sum assured, make top-up payments, and avail partial withdrawals after five years.
- Entry age: 18 to 65 years; policy term up to 25 years.
- Type: Non-par, linked, life, individual savings plan
- Bima Kavach
- A pure risk, non-linked plan offering fixed death benefits.
- Offers either a level or increasing sum assured, depending on preference.
- Premium payment options: single, limited, or regular — with coverage potentially lasting up to 100 years.
- Type: Non-par, non-linked, life, individual, pure risk plan
- Special Features: Offers lower premium rates for women and non-smokers.
